Jiangsu LiXing General Steel BallLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu LiXing General Steel BallLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥190.1M, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are CN¥1.8B and CN¥506.2M respectively. Jiangsu LiXing General Steel BallLtd's EBIT is CN¥68.3M making its interest coverage ratio 11.9. It has cash and short-term investments of CN¥83.7M.
Key information
15.0%
Debt to equity ratio
CN¥190.13m
Debt
Interest coverage ratio | 11.9x |
Cash | CN¥83.67m |
Equity | CN¥1.27b |
Total liabilities | CN¥506.24m |
Total assets | CN¥1.78b |
Recent financial health updates
No updates
Recent updates
After Leaping 29% Jiangsu LiXing General Steel Ball Co.,Ltd. (SZSE:300421) Shares Are Not Flying Under The Radar
May 22Even With A 30% Surge, Cautious Investors Are Not Rewarding Jiangsu LiXing General Steel Ball Co.,Ltd.'s (SZSE:300421) Performance Completely
Mar 08Is Now An Opportune Moment To Examine Jiangsu LiXing General Steel Ball Co.,Ltd. (SZSE:300421)?
Mar 06Financial Position Analysis
Short Term Liabilities: 300421's short term assets (CN¥865.0M) exceed its short term liabilities (CN¥424.8M).
Long Term Liabilities: 300421's short term assets (CN¥865.0M) exceed its long term liabilities (CN¥81.4M).
Debt to Equity History and Analysis
Debt Level: 300421's net debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: 300421's debt to equity ratio has increased from 7.2% to 15% over the past 5 years.
Debt Coverage: 300421's debt is well covered by operating cash flow (59.5%).
Interest Coverage: 300421's interest payments on its debt are well covered by EBIT (11.9x coverage).